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EchoStar vs Iridium Communications: ECHO and IRDM compared
EchoStar is the larger company: $1.1B of revenue in its latest quarter (Q3 2026) against $246M for Iridium Communications (Q3 2026). Iridium Communications is growing faster (+8% against -69% a year earlier). EchoStar is more profitable, with an operating margin of 13.1% against 12.9%.
Where the money goes: ECHO and IRDM
EchoStar (ECHO) · Q3 2026
EchoStar, Q3 2026: revenue $1.1B (-69% year over year), operating margin 13.1%, net earnings $2.8B, operating cash flow $113M. The chart follows the revenue to costs, profit and cash.
Iridium Communications (IRDM) · Q3 2026
Iridium Communications, Q3 2026: revenue $246M (+8% year over year), operating margin 12.9%, net earnings $107M, operating cash flow $95.9M. The chart follows the revenue to costs, profit and cash.
| EchoStar (ECHO) | Iridium Communications (IRDM) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.1B | $246M |
| Revenue growth, Y/Y | -69% | +8% |
| Operating margin | 13.1% | 12.9% |
| Net earnings | $2.8B | $107M |
| Net margin | 246.7% | 43.5% |
| Operating cash flow | $113M | $95.9M |
| Free cash flow | $48.1M | $68.5M |
| Market value | $31.6B | $5.2B |
| P/E | 3.3× | 31.4× |
| Analysts’ mean target | $139.20 | $48.00 |
Where the revenue comes from
EchoStar
- Service and other revenue: $1.0B (91%)
- Equipment sales and other revenue: $96.7M (9%)
Iridium Communications
- Services: $187M (76%)
- Engineering and support services: $39.2M (16%)
- Subscriber equipment: $19.0M (8%)
Questions
Which is bigger, EchoStar or Iridium Communications?
EchoStar is the larger company: $1.1B of revenue in its latest quarter (Q3 2026) against $246M for Iridium Communications (Q3 2026).
Is EchoStar or Iridium Communications growing faster?
Iridium Communications is growing faster (+8% against -69% a year earlier).
Which is more profitable, EchoStar or Iridium Communications?
EchoStar is more profitable, with an operating margin of 13.1% against 12.9%.
More: EchoStar earnings · how EchoStar makes money · Iridium Communications earnings · how Iridium Communications makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Oct 20, 2026). Fiscal quarters can end on different dates. Not investment advice.